Nelsonville, Wisconsin Property Taxes
The median property tax rate in Nelsonville, WI is 1.42%, considerably higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Nelsonville, the typical annual property tax bill reaches $1,470, which is below the national median of $2,690. Property taxes in Nelsonville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Nelsonville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Nelsonville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nelsonville, Wisconsin Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,160
Ownwell’s Nelsonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nelsonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nelsonville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Nelsonville, Wisconsin
Property taxes in Nelsonville, Wisconsin, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nelsonville is 1.42%, higher than both the Wisconsin state median and the U.S. national median of 0.99%. Local government entities within Nelsonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nelsonville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Nelsonville's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 54458 zip code has the highest median property tax rate of 1.42%, while the 54458 zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Nelsonville provides valuable insights into the varying tax landscape across Portage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nelsonville Tax Rate
1.42%
Average Portage County Tax Rate
1.54%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nelsonville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54458 | 1.31% | 1.37% | 1.42% | 1.48% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Nelsonville, Wisconsin
In Nelsonville, Wisconsin, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Portage County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Nelsonville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Nelsonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 54458, where the median tax bill is $1,470. Conversely, the zip code with the lowest median tax bill is also 54458, with a median tax bill of $1,470.
Average Nelsonville Assessed Value
$103,500
Average Portage County Assessed Value
$182,500
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nelsonville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54458 | $5,520 | $9,400 | $103,500 | $145,000 | $237,540 |
Source: Ownwell
Property Tax Bills Across Nelsonville, Wisconsin
In Nelsonville, WI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's size, location, and condition. The median home price in Nelsonville is $103,500, and property tax bills vary significantly across the area. For instance, the tax bill at the 25th percentile is $139, while at the 75th percentile, it rises to $2,014, and at the 90th percentile, it reaches $3,354. These variations indicate that homeowners with higher-valued properties or those in more desirable locations can expect to pay more in property taxes. Compared to the national median property tax rate of 0.99%, the tax rates in Nelsonville can result in substantial differences in annual tax bills, impacting homeowners' overall cost of living and financial planning.
Average Nelsonville Tax Bill
$1,470
Average Portage County Tax Bill
$2,873
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Nelsonville, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54458 | $52 | $139 | $1,470 | $2,014 | $3,354 |
Source: Ownwell